I 

115TH CONGRESS 

2D SESSION H. R. 5975 

To support businesses in Puerto Rico, extend child tax credits for families 

in Puerto Rico, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 25, 2018 

Miss GONZA ́LEZ-COLO ́N of Puerto Rico (for herself, Mr. BISHOP of Utah, Mr. 

MACARTHUR, Mr. DUFFY, Mr. CURBELO of Florida, and Mr. YOUNG of 

Alaska) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Small 

Business, Financial Services, Oversight and Government Reform, and 

Energy and Commerce, for a period to be subsequently determined by the 

Speaker, in each case for consideration of such provisions as fall within 

the jurisdiction of the committee concerned 

A BILL 

To support businesses in Puerto Rico, extend child tax 

credits for families in Puerto Rico, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 

4 (a) SHORT TITLE.—This Act may be cited as the 

5 ‘‘Puerto Rico Economic Empowerment Act of 2018’’. 

6 (b) TABLE OF CONTENTS.—The table of contents of 

7 this Act is as follows: 


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Sec. 1. Short title; table of contents. 

TITLE I—TAX RELIEF 

Sec. 101. Temporary employee payroll tax cut for residents of Puerto Rico. 

Sec. 102. Equal treatment of Puerto Rican families with 1 or more children 

that is currently provided to families with 3 or more children. 

TITLE II—FLEXIBILITY FOR PUERTO RICO IN SMALL BUSINESS 

ADMINISTRATION PROGRAMS 

Sec. 201. Short title. 

Sec. 202. Definitions. 

Subtitle A—Lending 

Sec. 211. Microloan program for Puerto Rico small business concerns. 

Subtitle B—Procurement 

Sec. 221. Priority for surplus property transfers. 

Sec. 222. Subcontracting incentives for protege firms that are Puerto Rico 

businesses. 

Sec. 223. Additional mentor-protege relationships for protege firms that are 

Puerto Rico businesses. 

Subtitle C—Entrepreneurial Development 

Sec. 231. FAST grant program for Puerto Rico. 

Subtitle D—Small Business Administration Oversight 

Sec. 241. Requirement for the District Director of Puerto Rico. 

Subtitle E—Disaster Loan Program Expansion 

Sec. 251. Amendment to definition of disaster for 7(b) loans. 

Subtitle F—Amendment to the Investment Company Act of 1940 

Sec. 261. Termination of exemption for companies in territories of the United 

States. 

TITLE III—ECONOMIC STATISTICS 

Sec. 301. Definition. 

Sec. 302. Inclusion of Puerto Rico in Census surveys. 

Sec. 303. Federal Statistical Research Data Center. 

TITLE IV—OFFSETS 

Sec. 401. Prevention and Public Health Fund. 


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1 TITLE I—TAX RELIEF 

2 SEC. 101. TEMPORARY EMPLOYEE PAYROLL TAX CUT FOR 

3 RESIDENTS OF PUERTO RICO. 

4 (a) IN GENERAL.—Notwithstanding any other provi5 sion of law, in the case of a qualified resident of Puerto 

6 Rico— 

7 (1) there shall be allowed a credit against the 

8 tax imposed by section 1401(a) of the Internal Rev9 enue Code of 1986 for any taxable year which begins 

10 in the payroll tax holiday period an amount equal to 

11 3.1 percent of the lesser of— 

12 (A) the self-employment income (as defined 

13 in section 1402(b) of such Code) derived from 

14 sources within Puerto Rico (as determined 

15 under section 937(b) of such Code) for the tax16 able year, or 

17 (B) the net earnings from self-employment 

18 (as defined in section 1402(a) of such Code) for 

19 the taxable year, and 

20 (2) with respect to remuneration received dur21 ing the payroll tax holiday period for services per22 formed as an employee within Puerto Rico (except 

23 amounts received for services performed as an em24 ployee of the United States or any agency thereof), 

25 the rate of tax under 3101(a) of such Code shall be 


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1 3.1 percent (including for purposes of determining 

2 the applicable percentage under sections 3201(a) 

3 and 3211(a)(1) of such Code). 

4 (b) SPECIAL RULES.— 

5 (1) APPLICATION OF RULE FOR SPECIAL RE6 FUNDS.—In the case of a qualified resident of Puer7 to Rico to whom subsection (a)(2) applies, the first 

8 sentence of section 6413(c)(1) of the Internal Rev9 enue Code of 1986 shall be applied by substituting 

10 for ‘‘exceeds the tax with respect to the amount of 

11 such wages received in such year which is equal to 

12 such contribution and benefit base’’ the following: 

13 ‘‘exceeds the sum of— 

14 ‘‘(1) 3.1 percent of the lesser of— 

15 ‘‘(A) the wages received in such year to 

16 which section 2(a)(2) of the Puerto Rico Eco17 nomic Empowerment Act of 2018 applies, or 

18 ‘‘(B) the contribution and benefit base, 

19 plus 

20 ‘‘(2) 6.2 percent of the lesser of— 

21 ‘‘(A) the wages received in such year to 

22 which such section does not apply, or 

23 ‘‘(B) the contribution and benefits base re24 duced (but not below zero) by the amount of 


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1 wages taken into account under paragraph 

2 (1).’’. 

3 (2) EMPLOYER LIABILITY.—An employer who 

4 receives an attestation from an employee, in such 

5 form and manner as directed by the Secretary of the 

6 Treasury (or the Secretary’s delegate), that such 

7 employee is a qualified resident of Puerto Rico shall 

8 not be liable under section 3102 or 3202 of the In9 ternal Revenue Code of 1986 for any failure to col10 lect taxes in excess of the rate which applies under 

11 this section unless a reasonable person would deter12 mine that such attestation is not true and correct. 

13 (3) DE MINIMIS SERVICES.—For purposes of 

14 subsection (a)(2), services performed as an employee 

15 outside of Puerto Rico shall not be taken into ac16 count if such services are de minimis. 

17 (c) DEFINITIONS.— 

18 (1) QUALIFIED RESIDENT.—The term ‘‘quali19 fied resident’’ means, with respect to any calendar 

20 year, any individual— 

21 (A) who was present in Puerto Rico for at 

22 least 183 days during the preceding calendar 

23 year, and 

24 (B) who, as of the first day of the calendar 

25 year, does not have a tax home (determined 


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1 under the principles of section 911(d)(3) of the 

2 Internal Revenue Code of 1986 without regard 

3 to the second sentence thereof) outside of Puer4 to Rico and does not have a closer connection 

5 (determined under the principles of section 

6 7701(b)(3)(B)(ii) of such Code) to the United 

7 States or a foreign country than to Puerto 

8 Rico. 

9 For purposes of subparagraph (A), the determina10 tion of whether a person is present for any day shall 

11 be made under the principles of section 7701(b) of 

12 such Code. 

13 (2) PAYROLL TAX HOLIDAY PERIOD.—The term 

14 ‘‘payroll tax holiday period’’ means the period begin15 ning after June 30, 2018, and ending before July 1, 

16 2020. 

17 (d) EMPLOYER NOTIFICATION.—The Secretary of 

18 the Treasury shall notify employers of the payroll tax holi19 day period in any manner the Secretary deems appro20 priate. 

21 (e) TRANSFERS OF FUNDS.— 

22 (1) TRANSFERS TO FEDERAL OLD-AGE AND

23 SURVIVORS INSURANCE TRUST FUND.—There are 

24 hereby appropriated to the Federal Old-Age and 

25 Survivors Trust Fund and the Federal Disability InVerDate Sep 11 2014 01:00 Jun 05, 2018 Jkt 079200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\H5975.IH H5975

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1 surance Trust Fund established under section 201 

2 of the Social Security Act (42 U.S.C. 401) amounts 

3 equal to the reduction in revenues to the Treasury 

4 by reason of the application of subsection (a). 

5 Amounts appropriated by the preceding sentence 

6 shall be transferred from the general fund at such 

7 times and in such manner as to replicate to the ex8 tent possible the transfers which would have oc9 curred to such Trust Fund had such amendments 

10 not been enacted. 

11 (2) TRANSFERS TO SOCIAL SECURITY EQUIVA12 LENT BENEFIT ACCOUNT.—There are hereby appro13 priated to the Social Security Equivalent Benefit Ac14 count established under section 15A(a) of the Rail15 road Retirement Act of 1974 (45 U.S.C. 231n–1(a)) 

16 amounts equal to the reduction in revenues to the 

17 Treasury by reason of the application of subsection 

18 (a)(2). Amounts appropriated by the preceding sen19 tence shall be transferred from the general fund at 

20 such times and in such manner as to replicate to the 

21 extent possible the transfers which would have oc22 curred to such Account had such amendments not 

23 been enacted. 

24 (3) COORDINATION WITH OTHER LAWS.—For 

25 purposes of applying any provision of law other than 


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1 the provisions of the Internal Revenue Code of 1986, 

2 the rate of tax in effect under section 3101(a) of 

3 such Code shall be determined without regard to the 

4 reduction in such rate under this section. 

5 SEC. 102. EQUAL TREATMENT OF PUERTO RICAN FAMILIES 

6 WITH 1 OR MORE CHILDREN THAT IS CUR7 RENTLY PROVIDED TO FAMILIES WITH 3 OR 

8 MORE CHILDREN. 

9 (a) IN GENERAL.—Section 24 of the Internal Rev10 enue Code of 1986, as amended by section 11022 of Public 

11 Law 115–97, is amended by adding at the end the fol12 lowing new subsection: 

13 ‘‘(i) RESIDENTS OF PUERTO RICO.—In the case of 

14 an individual who is a bona fide resident of Puerto Rico 

15 during the entire taxable year— 

16 ‘‘(1) subsection (d)(1)(B)(ii) shall be applied 

17 (after application of subsection (h)), by substituting 

18 ‘1 or more qualifying children’ for ‘3 or more quali19 fying children’, and 

20 ‘‘(2) for purposes of subclause (I) of such sub21 section, such individual’s social security taxes for 

22 such taxable year shall be determined as if section 

23 101 of the Puerto Rico Economic Empowerment Act 

24 of 2018 did not apply.’’. 


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1 (b) EFFECTIVE DATE.—The amendment made by 

2 this section shall apply to taxable years beginning after 

3 December 31, 2017. 

4 TITLE II—FLEXIBILITY FOR 

5 PUERTO RICO IN SMALL BUSI6 NESS ADMINISTRATION PRO7 GRAMS 

8 SEC. 201. SHORT TITLE. 

9 This title may be cited as the ‘‘Puerto Rico Oppor10 tunity, Small Business Prosperity, and Economic Revital11 ization Act of 2018’’. 

12 SEC. 202. DEFINITIONS. 

13 (a) IN GENERAL.—In this title: 

14 (1) ADMINISTRATION; ADMINISTRATOR.—The 

15 terms ‘‘Administration’’ and ‘‘Administrator’’ mean 

16 the Small Business Administration and the Adminis17 trator thereof. 

18 (2) MICROLOAN PROGRAM.—The term 

19 ‘‘microloan program’’ means the program estab20 lished under section 7(m) of the Small Business Act 

21 (15 U.S.C. 636(m)). 

22 (3) OVERSIGHT BOARD TERMINATION DATE.— 

23 The term ‘‘Oversight Board termination date’’ 

24 means the date on which the Oversight Board estab25 lished under section 101 of the Puerto Rico OverVerDate Sep 11 2014 01:00 Jun 05, 2018 Jkt 079200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6201 E:\BILLS\H5975.IH H5975

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1 sight, Management, and Economic Stability Act (48 

2 U.S.C. 2121) terminates. 

3 (4) PUERTO RICO.—The term ‘‘Puerto Rico’’ 

4 means the Commonwealth of Puerto Rico. 

5 (5) PUERTO RICO BUSINESS.—The term ‘‘Puer6 to Rico business’’ means a small business concern 

7 that has its principal office located in the Common8 wealth of Puerto Rico. 

9 (6) SMALL BUSINESS CONCERN.—The term 

10 ‘‘small business concern’’ has the meaning given the 

11 term in section 3 of the Small Business Act (15 

12 U.S.C. 632). 

13 (b) SMALL BUSINESS ACT.—Section 3 of the Small 

14 Business Act (15 U.S.C. 632) is amended by adding at 

15 the end the following: 

16 ‘‘(ee) PUERTO RICO BUSINESS.—In this Act, the 

17 term ‘Puerto Rico business’ means a small business con18 cern that has its principal office located in the Common19 wealth of Puerto Rico.’’. 

20 Subtitle A—Lending 

21 SEC. 211. MICROLOAN PROGRAM FOR PUERTO RICO SMALL 

22 BUSINESS CONCERNS. 

23 (a) INCREASE IN ACCESS TO CAPITAL FOR CERTAIN

24 INTERMEDIARIES.—Section 7(m)(3)(C) of the Small Busi25 ness Act (15 U.S.C. 636(m)(3)(C)) is amended— 


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1 (1) by inserting ‘‘and except as provided in 

2 clause (ii)’’ after ‘‘subsection (a)(3)’’; 

3 (2) by striking ‘‘Notwithstanding’’ and insert4 ing the following: 

5 ‘‘(i) IN GENERAL.—Notwithstanding’’; 

6 and 

7 (3) by adding at the end the following: 

8 ‘‘(ii) EXCEPTION FOR CERTAIN PUER9 TO RICO BUSINESSES.— 

10 ‘‘(I) IN GENERAL.—No loan shall 

11 be made under this subsection if the 

12 total amount outstanding and com13 mitted to 1 covered intermediary (ex14 cluding outstanding grants) from the 

15 business loan and investment fund es16 tablished by this Act would, as a re17 sult of such loan, exceed $6,000,000 

18 in the remaining years of the covered 

19 intermediary’s participation in the 

20 program. 

21 ‘‘(II) DEFINITION.—In this 

22 clause, the term ‘covered inter23 mediary’ means an intermediary 

24 that— 


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1 ‘‘(aa) is participating in the 

2 program; and 

3 ‘‘(bb) submits to the Admin4 istrator a certification that not 

5 less than 20 percent of the 

6 microloans made by the inter7 mediary under this subsection, 

8 during such period as the Admin9 istrator may specify, will be made 

10 to Puerto Rico businesses.’’. 

11 (b) WAIVER OF 25/75 RULE FOR MICROLOANS TO

12 PUERTO RICO SMALL BUSINESS CONCERNS.—Section 

13 7(m)(4)(E) of the Small Business Act (15 U.S.C. 

14 636(m)(4)(E)) is amended— 

15 (1) in clause (i), by striking ‘‘Each’’ and insert16 ing ‘‘Except as provided in clause (iii), each’’; and 

17 (2) by adding at the end the following: 

18 ‘‘(iii) EXCEPTION FOR CERTAIN

19 INTERMEDIARIES.—The Administrator 

20 shall waive the requirements of clause (i) 

21 for an intermediary for which not less than 

22 25 percent of the loans made by the inter23 mediary are made to Puerto Rico busi24 nesses.’’. 


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1 (c) SBA STUDY.—Not later than 1 year after the 

2 date of enactment of this Act, the Administrator shall con3 duct a study and submit to the Committee on Small Busi4 ness and Entrepreneurship of the Senate and the Com5 mittee on Small Business of the House of Representatives 

6 a report on the following: 

7 (1) The operations (including services provided, 

8 structure, size, and area of operation) of a rep9 resentative sample of— 

10 (A) intermediaries that are eligible for par11 ticipation in the microloan program and that 

12 participate in the microloan program; and 

13 (B) intermediaries (including those oper14 ated for profit, operated as nonprofit organiza15 tions, and affiliated with a United States insti16 tution of higher learning (as defined in section 

17 3452 of title 38, United States Code)) that are 

18 so eligible and that do not participate in the 

19 microloan program. 

20 (2) The reasons why intermediaries described in 

21 paragraph (1)(B) choose not to participate in the 

22 microloan program. 

23 (3) Recommendations on how to encourage in24 creased participation in the microloan program by 

25 intermediaries described in paragraph (1)(B). 


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1 (4) Recommendations for increasing the num2 ber of intermediaries located in the territories of the 

3 United States or in economically distressed areas (as 

4 defined in section 7(m)(11)(D) of the Small Busi5 ness Act (15 U.S.C. 636(m)(11)(D))) that are eligi6 ble for participation in the microloan program. 

7 (5) Recommendations on how to decrease the 

8 costs associated with participation in the microloan 

9 program for eligible intermediaries. 

10 (d) GAO STUDY ON MICROLOAN INTERMEDIARY

11 PRACTICES.—Not later than 1 year after the date of en12 actment of this Act, the Comptroller General of the United 

13 States shall submit to the Committee on Small Business 

14 and Entrepreneurship of the Senate and the Committee 

15 on Small Business of the House of Representatives a re16 port evaluating— 

17 (1) oversight of the microloan program by the 

18 Administration, including oversight of intermediaries 

19 participating in the microloan program; and 

20 (2) the specific processes used by the Adminis21 tration to ensure— 

22 (A) compliance by intermediaries partici23 pating in the microloan program; and 

24 (B) the overall performance of the 

25 microloan program. 


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1 Subtitle B—Procurement 

2 SEC. 221. PRIORITY FOR SURPLUS PROPERTY TRANSFERS. 

3 Section 7(j)(13)(F) of the Small Business Act (15 

4 U.S.C. 636(j)(13)(F)) is amended by adding at the end 

5 the following: 

6 ‘‘(iii)(I) In this clause, the term ‘covered period’ 

7 means the period beginning on the date of enact8 ment of this clause and ending on the date on which 

9 the Oversight Board established under section 101 

10 of the Puerto Rico Oversight, Management, and 

11 Economic Stability Act (48 U.S.C. 2121) termi12 nates. 

13 ‘‘(II) The Administrator may transfer tech14 nology or surplus property under clause (i) on a pri15 ority basis to a Puerto Rico business if the Puerto 

16 Rico business meets the requirements for such a 

17 transfer, without regard to whether the Puerto Rico 

18 business is a Program Participant.’’. 

19 SEC. 222. SUBCONTRACTING INCENTIVES FOR PROTEGE 

20 FIRMS THAT ARE PUERTO RICO BUSINESSES. 

21 Section 45(a) of the Small Business Act (15 U.S.C. 

22 657r(a)) is amended by adding at the end the following: 

23 ‘‘(3) PUERTO RICO SMALL BUSINESS CON24 CERNS.— 


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1 ‘‘(A) IN GENERAL.—During the period be2 ginning on the date of enactment of this para3 graph and ending on the date on which the 

4 Oversight Board established under section 101 

5 of the Puerto Rico Oversight, Management, and 

6 Economic Stability Act (48 U.S.C. 2121) termi7 nates, the Administrator shall provide addi8 tional incentives to covered mentors, including 

9 providing additional credit for subcontracts 

10 awarded to covered proteges and costs incurred 

11 for providing training to covered proteges. 

12 ‘‘(B) DEFINITIONS.—In this paragraph— 

13 ‘‘(i) the term ‘covered mentor’ means 

14 a mentor that enters into an agreement 

15 under this Act, or under any mentor-pro16 tege program approved under subsection 

17 (b)(1), with a covered protege; and 

18 ‘‘(ii) the term ‘covered protege’ means 

19 a protege— 

20 ‘‘(I) of a covered mentor; and 

21 ‘‘(II) that has its principal office 

22 located in the Commonwealth of Puer23 to Rico.’’. 


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1 SEC. 223. ADDITIONAL MENTOR-PROTEGE RELATIONSHIPS 

2 FOR PROTEGE FIRMS THAT ARE PUERTO 

3 RICO BUSINESSES. 

4 Section 45(b)(3)(A) of the Small Business Act (15 

5 U.S.C. 657r(b)(3)(A)) is amended by inserting ‘‘, except 

6 that such restrictions shall not apply to a relationship that 

7 was entered into before the date on which the Oversight 

8 Board established under section 101 of the Puerto Rico 

9 Oversight, Management, and Economic Stability Act (48 

10 U.S.C. 2121) terminates and in which the principal office 

11 of the protege is located in the Commonwealth of Puerto 

12 Rico’’ after ‘‘each participant’’. 

13 Subtitle C—Entrepreneurial 

14 Development 

15 SEC. 231. FAST GRANT PROGRAM FOR PUERTO RICO. 

16 (a) IN GENERAL.—Section 34 of the Small Business 

17 Act (15 U.S.C. 657d) is amended by adding at the end 

18 the following: 

19 ‘‘(j) FAST GRANT PROGRAM FOR PUERTO RICO.— 

20 ‘‘(1) ESTABLISHMENT.—The Administrator 

21 shall establish a program that shall be part of the 

22 FAST program to make awards to, or enter into co23 operative agreements with, a Puerto Rico business. 

24 ‘‘(2) TECHNICAL ASSISTANCE.—If no applicant 

25 is selected to receive assistance under this sub26 section, the Administrator shall use amounts approVerDate Sep 11 2014 01:00 Jun 05, 2018 Jkt 079200 PO 00000 Frm 00017 Fmt 6652 Sfmt 6201 E:\BILLS\H5975.IH H5975

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1 priated to carry out this subsection to provide busi2 ness advice and counseling to a Puerto Rico busi3 ness. 

4 ‘‘(3) WAIVER OF MATCHING REQUIREMENTS.— 

5 The Administrator may, upon application, waive the 

6 matching requirements under subsection (e)(2) for 

7 an applicant that receives an award or has in effect 

8 a cooperative agreement under this subsection. 

9 ‘‘(4) FUNDING.—There is authorized to be ap10 propriated $100,000 for fiscal year 2019, and each 

11 fiscal year thereafter, to carry out this subsection.’’. 

12 (b) PROSPECTIVE REPEAL.—Effective on the Over13 sight Board termination date, section 34 of the Small 

14 Business Act (15 U.S.C. 657d), as amended by subsection 

15 (a), is amended by striking subsection (j). 

16 Subtitle D—Small Business 

17 Administration Oversight 

18 SEC. 241. REQUIREMENT FOR THE DISTRICT DIRECTOR OF 

19 PUERTO RICO. 

20 (a) IN GENERAL.—During the period beginning on 

21 the date of enactment of this Act and ending on the Over22 sight Board termination date, the director of the district 

23 office of the Administration located in Puerto Rico shall 

24 submit directly to Congress and the Administrator an anVerDate Sep 11 2014 01:00 Jun 05, 2018 Jkt 079200 PO 00000 Frm 00018 Fmt 6652 Sfmt 6201 E:\BILLS\H5975.IH H5975

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1 nual report on the activities of the Administration in Puer2 to Rico. 

3 (b) COORDINATION.—In preparing each report de4 scribed in subsection (a), the director described in such 

5 subsection shall consult with other Federal agencies to col6 lect data on grants, programs, and outreach activities car7 ried out by such agencies that affect any Puerto Rico busi8 ness. 

9 Subtitle E—Disaster Loan Program 

10 Expansion 

11 SEC. 251. AMENDMENT TO DEFINITION OF DISASTER FOR 

12 7(b) LOANS. 

13 (a) IN GENERAL.—Section 3(k)(2) of the Small Busi14 ness Act (15 U.S.C. 632(k)(2)) is amended— 

15 (1) in subparagraph (B), by striking ‘‘and’’ at 

16 the end; 

17 (2) in subparagraph (C), striking the period 

18 and inserting ‘‘; and’’; and 

19 (3) by adding at the end the following: 

20 ‘‘(D) communicable diseases for which the Fed21 eral Government issues a travel alert or travel warn22 ing.’’. 

23 (b) APPLICABILITY.—The amendment made by sub24 section (a) shall apply to a communicable disease— 


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1 (1) for which the Federal Government issues a 

2 travel alert or travel warning before, on, or after the 

3 date of enactment of this Act; and 

4 (2) the effects of which are experienced on or 

5 after the date of enactment of this Act. 

6 Subtitle F—Amendment to the 

7 Investment Company Act of 1940 

8 SEC. 261. TERMINATION OF EXEMPTION FOR COMPANIES 

9 IN TERRITORIES OF THE UNITED STATES. 

10 (a) IN GENERAL.—Section 6(a) of the Investment 

11 Company Act of 1940 (15 U.S.C. 80a–6(a)) is amended— 

12 (1) by striking paragraph (1); and 

13 (2) by redesignating paragraphs (2) through 

14 (5) as paragraphs (1) through (4), respectively. 

15 (b) EFFECTIVE DATE AND SAFE HARBOR.— 

16 (1) EFFECTIVE DATE.—Except as provided in 

17 paragraph (2), the amendment made by subsection 

18 (a) shall take effect on the date of enactment of this 

19 Act. 

20 (2) SAFE HARBOR.—With respect to a company 

21 that is exempt under section 6(a)(1) of the Invest22 ment Company Act of 1940 (15 U.S.C. 80a– 

23 6(a)(1)), as in effect on the day before the date of 

24 enactment of this Act, the amendment made by subVerDate Sep 11 2014 01:00 Jun 05, 2018 Jkt 079200 PO 00000 Frm 00020 Fmt 6652 Sfmt 6201 E:\BILLS\H5975.IH H5975

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1 section (a) shall take effect on the date that is 3 

2 years after the date of enactment of this Act. 

3 (3) EXTENSION OF SAFE HARBOR.—The Secu4 rities and Exchange Commission, by rule and regula5 tion upon its own motion, or by order upon applica6 tion, may conditionally or unconditionally, under sec7 tion 6(c) of the Investment Company Act of 1940 

8 (15 U.S.C. 80a–6(c)), further delay the effective 

9 date for a company described in paragraph (2) to be 

10 not later than the date that is 6 years after the date 

11 of enactment of this Act if, before the end of the ini12 tial 3-year period, the Commission determines that 

13 such a rule, regulation, motion, or order is necessary 

14 or appropriate in the public interest and for the pro15 tection of investors. 

16 TITLE III—ECONOMIC 

17 STATISTICS 

18 SEC. 301. DEFINITION. 

19 In this title, the term ‘‘Secretary’’ means the Sec20 retary of Commerce, acting through the Director of the 

21 Bureau of the Census. 

22 SEC. 302. INCLUSION OF PUERTO RICO IN CENSUS SUR23 VEYS. 

24 (a) STUDY ON INCLUSION IN CURRENT POPULATION

25 SURVEY.—The Secretary shall study the feasibility of inVerDate Sep 11 2014 01:00 Jun 05, 2018 Jkt 079200 PO 00000 Frm 00021 Fmt 6652 Sfmt 6201 E:\BILLS\H5975.IH H5975

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1 cluding Puerto Rico in the Current Population Survey 

2 conducted by the Secretary. 

3 (b) INTERAGENCY WORKING GROUP ON IMPROVING

4 DATA.— 

5 (1) ESTABLISHMENT.—The Chief Statistician 

6 of the United States shall establish a technical inter7 agency working group to study the most effective ap8 proach to improving the quality and availability of 

9 data about or from Puerto Rico for the purpose of 

10 Federal statistical programs. 

11 (2) REPORT.—Not later than October 31, 

12 2018, and on a quarterly basis thereafter, the tech13 nical interagency working group established under 

14 paragraph (1) shall submit a report on the activities 

15 and findings of the working group to— 

16 (A) the Committee on Finance of the Sen17 ate; and 

18 (B) the Committee on Ways and Means of 

19 the House of Representatives. 

20 (c) INCLUSION IN OTHER SURVEYS AND PROGRAMS

21 OF THE BUREAU OF THE CENSUS.—The Secretary shall 

22 conduct a proof of concept for including, or expanding the 

23 inclusion of, Puerto Rico in each of the following surveys 

24 and programs conducted by the Secretary: 


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1 (1) The Census of Governments and Related 

2 Annual Programs. 

3 (2) The Survey of Business Owners. 

4 (3) The Building Permits Survey. 

5 (4) The Quarterly Workforce Indicators, de6 rived from the Longitudinal Employer-Household 

7 Dynamics Program. 

8 (5) The Statistics of U.S. Businesses. 

9 SEC. 303. FEDERAL STATISTICAL RESEARCH DATA CENTER. 

10 (a) IN GENERAL.—The Secretary shall establish a fa11 cility, to be known as the ‘‘Federal Statistical Research 

12 Data Center’’, in San Juan, Puerto Rico. 

13 (b) DUAL CAPACITY.—The facility established under 

14 subsection (a) shall serve as both— 

15 (1) an office of the International Trade Man16 agement Division of the Bureau of the Census; and 

17 (2) a research data center of the Bureau of the 

18 Census. 

19 TITLE IV—OFFSETS 

20 SEC. 401. PREVENTION AND PUBLIC HEALTH FUND. 

21 Section 4002(b) of the Patient Protection and Af22 fordable Care Act (42 U.S.C. 300u–11(b)), as amended 

23 by section 53119 of Public Law 115–123, is amended— 

24 (1) in paragraph (3), by striking 

25 ‘‘$900,000,000’’ and inserting ‘‘$841,000,000’’; 


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24 

•HR 5975 IH

1 (2) in paragraph (4), by striking 

2 ‘‘$900,000,000’’ and inserting ‘‘$848,000,000’’; 

3 (3) by striking paragraphs (5) through (8); 

4 (4) by redesignating paragraph (9) as para5 graph (7); and 

6 (5) by inserting after paragraph (4) the fol7 lowing new paragraphs: 

8 ‘‘(5) for fiscal year 2020, $900,000,000; 

9 ‘‘(6) for each fiscal year during the period of 

10 fiscal years 2021 through 2027, $700,000,000; 

11 and;’’. 

Æ 


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